|Author||Topic: Curios, Pd.D or CFA?|
|I'v got a scholarship for a PhD program risk management and am preparing for CFA L1 right now. Is it necessary to get a CFA or a good plus? Any advice would be appreciated.|
|If you are planning to seek a tenure position at the university level, you will probably need a doctorate. In search of instructors with practical knowledge, however, a lot of schools are now looking closely at Ph.D.s or others with a CFA charter to teach their investments classes. The combination of a Ph.D. and a CFA charter is very valuable in distinguishing you from the masses of new Ph.Ds, also.
Bottom line, since the Ph.D. is so theoretical and the CFA charter so applied, I would say to get both, especially in light of the recent spate of corporate malfeasance.
|If you are thinking PhD OR CFA, note that a PhD is an incredible amount of work. Having the brains to do a PhD is, in my opinion, just a small part of it. It could be that a lot of PhDs out there think that a lot of people are like them in terms of their discipline, self-motivation, etc. but most people are not! I know I'm not.
Not that a PhD shouldn't be an enormous undertaking. Ideally, the top academic degree should be going to the true heavy hitters like Eugene Fama, as opposed to the one hit wonders like Markowitz. It should take a good idea AND time and effort.